Each C + I + G + (X ? IM) expenditure schedule is drawn assuming a specific
a. income level.
b. spending level.
c. production level.
d. price level.
d
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The advantages of emissions permits over taxes is/are that
A. it increases uncertainty about the quantity of pollution that will be emitted. B. environmental authorities decide on an emissions ceiling in advance of issuing permits. C. pollutants can be raised to levels that have adverse effects on health. D. firms whose marginal cost of reducing emissions are lower than the market price of permits will find it more profitable to buy additional permits than to reduce their emissions.
The pattern of recession, recovery, and expansion is called the business cycle.
Answer the following statement true (T) or false (F)
Which antitrust law is sometimes called the "Chain Store Act"?
A. Sherman Act B. Federal Trade Act C. Clayton Act D. Robinson-Patman Act
Nominal GDP is measured by calculating real GDP at constant prices
Indicate whether the statement is true or false